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Food Logistics Market Trends

Report ID: GMI10762
Published Date: Aug 2024
Report Format: PDF

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Food Logistics Market Trends

Food logistics are witnessing significant technological advancements in cold chain technology. Innovations such as real-time temperature monitoring, IoT-enabled sensors, and advanced refrigeration systems enhance the efficiency and reliability of temperature control. These technologies enable precise tracking of conditions throughout the supply chain, reducing spoilage and ensuring compliance with safety standards. Automation and data analytics optimize logistics operations, improve inventory management, and enhance predictive maintenance, leading to cost savings and better service. Enhanced technology further supports scalability, allowing companies to manage larger volumes and meet increasing consumer demand for fresh and frozen products efficiently.

For instance, in May 2024, The National Food Agency (Bapanas) in Indonesia strengthened food logistics distribution nationwide using cold chain technology to regulate and maintain food quality. Cold chain technology extends the shelf life of food products, which is an important factor in supporting food distribution to all regions. By investing in cold chain infrastructure, Bapanas aims to strengthen Indonesia's food ecosystem and industry, ensuring food security and availability throughout the country.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Market size for food logistics was USD 122.9 billion in 2023 and is expected to register over 7.8% CAGR from 2024-2032 owing to increasing consumer preference for fresh produce, organic foods, and health-conscious choices worldwide.

Food logistics industry from the roadways segment held over 52% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its extensive reach and flexibility.

North America industry held over 33% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to robust infrastructure and a strong demand for both fresh and processed foods in the region.

United Parcel Service (UPS), Kuehne + Nagel International AG, C.H. Robinson Worldwide, Inc., DB Schenker, Americold Logistics, LLC, J.B. Hunt Transport Services, Inc., Hellmann Worldwide Logistics, and XPO Logistics, Inc., are some of the major food logistics companies worldwide.